Sentences with phrase «period than other loans»

Why we like it: The Perkins loan has a very competitive interest rate, no loan fees, more money per student than Stafford loans, and a longer grace period than other loans.

Not exact matches

The federal government is also adding restrictions on when it will insure low - ratio mortgages, stipulating that such loans must have an amortization period of less than 25 years and that the property must be owner - occupied, among other criteria.

Keep in mind that the «limbo period» is usually much shorter with a VA loan than other loan options.

Payments made under the Standard Repayment Plan for Direct Consolidation Loans would qualify for PSLF purposes only if the maximum repayment period was set at 10 years, and that would be the case only if the total amount of the consolidation loan and your other education loan debt was less than $ 7,500.

On the other end of the spectrum are installment loans, which are typically for larger amounts that can be paid off over a lengthier period of time, and carry more favorable interest rates than their short - term counterparts.

(For loans more than 10 years, the loan's terms must be the same as other loans offered in your area for the same or longer period.)

A home loan will generally be used to buy a house or block of land for a large sum of money and over a longer period of time than other forms of credit - usually 20 years or more.

A Check Into Cash installment loan is a medium term loan that offers you more money than some other types of loans and a longer period of time to repay.

Because a reduced monthly payment under the Pay As You Earn plan generally extends your repayment period, you may pay more total interest over the life of the loan than you would under other repayment plans.

Another thing that makes installment loan good for large purchases is that installment loans are structured to be repaid over a longer period of time than other types of financing.

Depending on whether you took out subsidized versus unsubsidized Stafford Loans (or some other instrument), you may end up owing a lot more than you realize once you're out of the grace period.

Another disadvantage is that although the interest rate on a consolidation loan usually is less than other types of credit, the extended loan period results in more finance charges over the life of the loan.

The policy loan can be taken for active policies (other than the ones in grace period), any time after completion of three policy years.